Riot Platforms offloaded $200 million worth of bitcoin during the final two months of 2025

Riot Platforms Increases Bitcoin Sales to Fund AI Expansion

Riot Platforms (RIOT), a publicly traded company specializing in large-scale bitcoin mining and data center operations, significantly increased its bitcoin sales toward the end of the year. In November, the company sold 1,818 BTC valued at $161.6 million, followed by an additional 383 BTC worth $37 million. By the close of 2025, Riot’s bitcoin holdings had decreased to 18,005 BTC.

Although bitcoin miners sell their coins for a variety of reasons, Matthew Sigel, who leads digital assets research at VanEck, pointed out that Riot’s recent sales may be intended to finance its artificial intelligence infrastructure. According to Sigel, the proceeds from these sales are nearly equivalent to the capital expenditure Riot has projected for the initial 112 MW core and shell construction at its Corsicana facility, which is scheduled for completion in the first quarter of 2027. Essentially, the bitcoin sold during this period could cover the costs of the first phase of Riot’s transition toward AI-focused data centers.

Sigel further noted that the connection between AI investments and bitcoin is becoming more pronounced. He explained that miners are among the largest incremental sellers of bitcoin as they raise funds for AI-related capital expenditures, particularly when borrowing becomes more difficult. This trend may be contributing to bitcoin’s downward movement in 2025.

On Tuesday, Riot’s stock price dropped by 2%, mirroring a 1.2% decrease in bitcoin’s value, which fell to $92,500.